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Profit Rises at Qatari LNG Shipper Nakilat

Profit Rises at Qatari LNG Shipper Nakilat
Qatar Gas Transport Co (Nakilat), one of the world’s largest shippers of liquefied natural gas, posted a 7.7 percent rise in first-quarter net profit on Sunday.

The company made a net profit of 222.4 million riyals ($61.1 million), it said in a statement. This is up from 206.5 million riyals a year earlier.

QNB Financial Services forecast Nakilat would make a quarterly net profit of 233.5 million riyals.

Nakilat’s quarterly revenue was 873.2 million riyals, up from 860.2 million riyals in the corresponding period in 2014. ($1 = 3.6412 Qatar riyals)

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